Crypto when to sell reddit
Social media platform Reddit has announced that it has started the process to sell its shares on the stock market. In a confidential filing, it did not reveal how many shares it planned to sell or the price of the shares. Reddit was at the centre of the so-called "meme stock" phenomenon earlier this year. Earlier this year, investors flocked to the San Francisco-based firm's messaging board for tips on trading stocks like US video game retailer GameStop and the AMC cinema chain - known as "meme stocks", those that gain popularity through sites like Reddit. Stocks that often became popular were ones that had been heavily bet against by professional investors, such as hedge funds. As a result some of these shares saw their prices rise and fall sharply in hugely volatile trade.
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Content:
- Reddit tests NFT user profile pictures, just like Twitter
- Everything you need to know about Crypto Trading Bots
- Reddit traders lament losses as meme stocks like GameStop are decimated
- Kim Kardashian, Floyd Mayweather Sued by Cryptocurrency Investors
- Crypto scams are on the rise: 5 ways to avoid them
- The Bull Run in the crypto market isn't over yet, here are 5 reasons why
- Why interest rates, stocks and crypto are sometimes correlated
- Reddit tests NFT profile picture functionality, similar to Twitter: Report
- Why bitcoin and cryptocurrency values are dropping quick
Reddit tests NFT user profile pictures, just like Twitter
The cryptocurrency market has experienced an unprecedented profitable bull over the past year. Many crypto coins have multiplied in value tens of times. Coins like Dogecoin, Shiba Inu coin have made early investors millionaires. Ethereum has shown significant growth. However, over the past few week, the crypto market has been continuously going down.
Many cryptos have dropped in value significantly. Read on to know why is the crypto market down. The fall of the crypto market started when Elon Musk made a tweet declaring that Telsa has stopped accepting Bitcoin payments, citing the environmental concerns of Bitcoin.
Overnight, the price of Bitcoin fell down 17 per cent. It's imperative to understand that the price of Bitcoin drives the whole crypto market. When Bitcoin falls significantly, it causes panic selling among crypto investors as they sell their Altcoins. Elon Musk didn't stop there, he continued to attack Bitcoin, calling it 'centralised' in another one of his tweets. As the negative tweets from Elon continued, the Bitcoin kept crashing. Other major coins have also seen a significant fall in their prices.
There is no more efficient technology for converting energy into prosperity. It should, however, be noted that the crypto market crash is a common phenomenon and the crypto markets are highly volatile.
Price corrections like these happen every few months. There are many other factors that caused this crash but Elon Musk's comments on Bitcoin triggered it. Many crypto investors have been calling Elon Musk a market manipulator, as a large number of people around the world have lost millions of dollars because of his comments.
However, the crypto market seems to be recovering from its week-long crash today. Many coins such as Matic, Ripple and Cardano are seeing significant gains.
Bitcoin, Ethereum are also up from their lowest price this week. Many crypto groups on Reddit believe the crypto market today is looking bullish. The information provided on this websites does not constitute investment advice, financial advice or trading advice. Republic World does not recommend purchasing any cryptocurrency. Crypto markets are highly volatile and crypto investments are risky. Readers should do their own research on cryptocurrencies and consult their financial adviser before making any crypto investments.
The Debate. Breaking News. Written By. Why is the Crypto Market Down? What is it? Find out. Tags: why is the crypto market down , crypto market today , bitcoin. Listen to the latest songs , only on JioSaavn.
Everything you need to know about Crypto Trading Bots
Sunny Leone took the lead among Indian actors to secure her digital assets when she broke the news about her association with NFT, two months back. This made her the first Indian actress to mint NFTs. Choose your reason below and click on the Report button. This will alert our moderators to take action. Stock analysis. Market Research. Nifty 17,
Reddit traders lament losses as meme stocks like GameStop are decimated
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Kim Kardashian, Floyd Mayweather Sued by Cryptocurrency Investors
By Winston Cho. Kim Kardashian , Floyd Mayweather and Paul Pierce are being sued for allegedly duping investors in a cryptocurrency scam. The lawsuit, which accuses the stars of misleading their followers in a pump-and-dump scheme, claims the celebrities convinced their fans to buy EthereumMax tokens, only to sell them once their value was inflated. They were allegedly paid in tokens for their sponsorships and exited with substantial gains, leaving investors holding the bag, the lawsuit claims. The class action complaint was filed on behalf of a New York resident by John T.
Crypto scams are on the rise: 5 ways to avoid them
Bitcoin shed nearly a third of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies. Bitcoin was 12 per cent down at 9. By The broad selloff in cryptocurrencies also saw Ether, the coin linked to the Ethereum blockchain network, plunge more than 10 per cent. It too rebounded to losses of 3.
The Bull Run in the crypto market isn't over yet, here are 5 reasons why
Crypto is by no means a novel concept to Reddit. The social media platform features a number of communities dedicated to cryptocurrencies. While crypto projects operate their own official Reddit accounts to stay in touch with their community. Investing in all manner of assets is also widely discussed on the social media platform. But the growing popularity of cryptocurrencies has seen members putting forth discussions regarding digital assets. Moderators on the subreddit have so far maintained topics of discussion on stocks and the stock market.
Why interest rates, stocks and crypto are sometimes correlated
Recent moves by China to crack down on cryptocurrencies have been devastating to those who jumped on the bitcoin bandwagon this spring after a new buying frenzy had sent the digital units soaring to record highs. And a report out Wednesday from the Bank for International Settlements BIS , a Switzerland-based financial institution often described as "the central bankers' central bank," may mean the worries of digital coin holders are not yet over. Owned by the Bank of Canada, the Federal Reserve and the rest, the internationally respected financial institution hinted it may launch a renewed challenge, declaring that crypto works against the public good.
Reddit tests NFT profile picture functionality, similar to Twitter: Report
We're kind of going sideways with price right now but I would still cover the down payment if I pulled today at a recent low. Other Redditors swooped in to have their penny's worth and most recommended to cash in later rather than be told "I told you so". One user predicted: "If you end up holding and things go south, you'll hear a 'I told you so' from your wife. So buy that house.
Why bitcoin and cryptocurrency values are dropping quick
By Keith Griffith For Dailymail. The small traders who touted meme stocks such as GameStop last year are now tallying punishing losses as their favorite assets plunge amid wild market volatility. On Reddit 's WallStreetBets forum, which was at the center of the GameStop saga last January, bearish sentiment has taken hold ahead of the Federal Reserve policy meeting this week. With benchmark interest rates set to rise soon, riskier assets with long-deferred payouts have lost their luster, resulting in a brutal sell-off in meme stocks like GameStop, which dropped 11 percent on Monday and is down 35 percent this month. Similarly, Bitcoin has plunged nearly half from its November peak, entering what some are calling a 'crypto winter. I'm just gonna get high about it. On Reddit's WallStreetBets forum, users lamented their misfortune as their favorite meme stocks suffered particularly brutal sell-offs amid market volatility.
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